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If budgeted beginning inventory is $9,150, budgeted ending inventory is $10,420, and budgeted cost of goods sold is $11,110, budgeted purchases should be:

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7 votes

Answer:

$12,380

Step-by-step explanation:

The beginning inventory is $9,150

The budgeted ending inventory is $10,420

The cost of goods sold is $11110

Therefore the budgeted purchases can be calculated as follows

= $10,420 + $11,110-$9,150

= $21,530 - $9,150

= $12,380

Hence the budgeted purchases is $12,380

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